Latest news with #goldstocks
News.com.au
3 days ago
- Business
- News.com.au
Closing Bell: ASX dodges negative sentiment to climb 0.3pc as gold stocks rally
ASX climbs 0.3pc Gold stocks surge, up almost 2pc Retail sales soften, increasing chance of RBA rate cut The Australian share market worked hard for its gains today, seesawing between negative and positive territory before making a convincing recovery after about 2pm AEST to climb 0.3%. Seven of our 11 sectors ended up crossing over into the green during all that back and forth, with the defensive stock sector Utilities leading the way. While Materials and Financials are sitting fairly middle-of-the-pack at market close, particular sub-sectors outperformed their brethren, making outsized moves on the ASX. Gold stocks left their Materials cousins in the dust, climbing 1.9% as an index while the ASX 200 Resources added only 0.01%. Ora Banda (ASX:OBM) shot up 7.51%, West African Resources (ASX:WAF) added 5.6%, Bellevue Gold (ASX:BGL) 4.21% and Resolute Mining (ASX:RSG) 3.28%. The banks also outperformed other financial stocks, although as big cap stocks the movements were a little less energetic. Westpac (ASX:WBC) jumped 2.68%, NAB (ASX:NAB) 1.33% and Commonwealth Bank (ASX:CBA) managed a positive showing of 0.87% despite some (now resolved) internet banking disruptions for its customers today. All in all, the bourse made a fairly good showing considering the reinstatement of Trump's tariffs by a US Court of Appeals overnight and disappointing Aussie retail data for April. Retail sales soften in April The ABS released its retail turnover numbers for the month of April today, which contracted by 0.1% despite lifting by 0.3% in March. 'Retail spending eased in April, particularly on clothing purchases,' ABS head of business statistics Robert Ewing said. 'Clothing retailers told us that the warmer-than-usual weather for an April month saw people holding off on buying clothing items, especially new winter season stock.' Oxford Economics lead economist Benjamin Udy said Australian consumers are wary of macroeconomic headwinds. 'Today's data shows Queenslanders returned to the shops in April, but that rebound was offset by weaker sales across all other states,' Udy said. "The weakness outside of Queensland may be related to the stalling in the recovery consumer sentiment due to rising global trade uncertainty. 'Unless consumption picks up a little more strongly in the coming months, the RBA may cut rates even sooner than we currently expect.' Yesterday, markets were pricing a 59% chance that the RBA would cut the cash rate to 3.6% at its next meeting. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap PRM Prominence Energy 0.004 100% 114700 $778,353 ERL Empire Resources 0.005 67% 554786 $4,451,740 ASP Aspermont Limited 0.008 60% 2432297 $12,365,938 1AD Adalta Limited 0.003 50% 112186 $1,286,446 ASR Asra Minerals Ltd 0.003 50% 7479385 $5,533,072 CR9 Corellares 0.003 50% 412320 $2,011,213 LOC Locatetechnologies 0.1 43% 724138 $14,083,568 TAS Tasman Resources Ltd 0.025 39% 558543 $3,314,567 CZN Corazon Ltd 0.002 33% 700000 $1,776,858 GMN Gold Mountain Ltd 0.002 33% 296327 $8,429,639 AYT Austin Metals Ltd 0.005 25% 198136 $6,296,765 BYH Bryah Resources Ltd 0.005 25% 818236 $3,479,814 EAT Entertainment 0.005 25% 23175 $5,235,144 MQR Marquee Resource Ltd 0.01 25% 1874067 $4,466,420 PRX Prodigy Gold NL 0.0025 25% 1000000 $6,350,111 RGL Riversgold 0.005 25% 228348 $6,734,850 RLG Roolife Group Ltd 0.005 25% 7657763 $6,371,125 RNX Renegade Exploration 0.0025 25% 750000 $2,576,727 VRC Volt Resources Ltd 0.005 25% 2214605 $18,739,112 WBE Whitebark Energy 0.005 25% 100006 $2,749,334 NHE Nobleheliumlimited 0.011 22% 787895 $5,395,725 RML Resolution Minerals 0.017 21% 8629662 $7,361,016 LKY Locksleyresources 0.08 21% 44328092 $9,680,000 OLL Openlearning 0.018 20% 145461 $7,240,120 AZL Arizona Lithium Ltd 0.006 20% 10117519 $26,351,572 Making news… Mining media company Aspermont (ASX:ASP) has clocked up its 35th straight quarter of subscription growth, with subs now making up 75% of total revenue. Recurring subscription revenue hit $11.2 million, up 4% year-on-year, while overall group revenue dipped 6% to $6.7 million. EBITDA was negative, but the company is still debt-free and sitting on $700k in cash. Renegade Exploration (ASX:RNX) has acquired four new gold-silver and base metal projects in the Nevada Walker Lane trend, in the US state of Nevada. With gold prices still hovering around US$3,300 an ounce, the company snapped up the licences for just US$150k, in an area responsible for 70% of domestic gold production in the US. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Security Name Last % Change Volume Market Cap BLZ Blaze Minerals Ltd 0.002 -33% 142857 $4,700,843 ICU Investor Centre Ltd 0.002 -33% 1056 $913,534 KPO Kalina Power Limited 0.004 -33% 2520373 $17,597,818 MSG Mcs Services Limited 0.004 -33% 550000 $1,188,598 OEL Otto Energy Limited 0.004 -33% 19939911 $28,770,059 AOA Ausmon Resorces 0.0015 -25% 357633 $2,622,427 BMO Bastion Minerals 0.0015 -25% 1000000 $1,807,255 OB1 Orbminco Limited 0.0015 -25% 13220340 $4,795,136 AVE Avecho Biotech Ltd 0.004 -20% 1994020 $15,867,318 C7A Clara Resources 0.004 -20% 145000 $2,558,021 WNX Wellnex Life Ltd 0.31 -19% 115162 $26,092,038 MGA Metalsgrovemining 0.066 -19% 150000 $8,539,020 PLC Premier1 Lithium Ltd 0.009 -18% 1932229 $4,048,666 DBO Diabloresources 0.014 -18% 265439 $2,296,970 BIT Biotron Limited 0.0025 -17% 210802 $3,981,738 BP8 Bph Global Ltd 0.0025 -17% 392643 $3,152,954 DAF Discovery Alaska Ltd 0.01 -17% 25000 $2,810,816 EE1 Earths Energy Ltd 0.005 -17% 100000 $3,179,785 JAV Javelin Minerals Ltd 0.0025 -17% 2850000 $18,138,447 TEG Triangle Energy Ltd 0.0025 -17% 500999 $6,267,702 CML Connected Minerals 0.13 -16% 36159 $6,410,523 CDX Cardiex Limited 0.042 -16% 616975 $20,303,194 T88 Taitonresources 0.08 -16% 12500 $7,073,451 TG1 Techgen Metals Ltd 0.023 -15% 1341405 $4,283,974 ADG Adelong Gold Limited 0.006 -14% 70299873 $9,782,403 IN CASE YOU MISSED IT Stockhead's Tylah Tully looks at White Cliff Minerals' (ASX:WCN) exploration at Danvers, where continuous, high-grade copper and silver mineralisation at surface has been confirmed. Tylah also breaks down the latest from West Coast Silver (ASX:WCE),which has started drilling to test extensions of known high-grade mineralisation at its Elizabeth Hill project in Western Australia. Trading halts At Stockhead, we tell it like it is. While White Cliff Minerals and West Coast Silver are Stockhead advertisers, they did not sponsor this article.
Free Malaysia Today
23-05-2025
- Business
- Free Malaysia Today
Bursa edges down, mirrors Wall Street's slump
KUALA LUMPUR : Bursa Malaysia opened lower on Thursday, mirroring a weaker Wall Street's performance overnight. At 9.03am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 4.99 points, or 0.32%, to 1,539.81 from Wednesday's close of 1,544.80. The benchmark index had opened 3.34 points easier at 1,541.46. There were 280 decliners in the broader market and 52 gainers, while 199 counters were unchanged, 1,887 untraded, and seven suspended. Turnover stood at 116.88 million shares valued at RM52.17 million. Malacca Securities Sdn Bhd said that the overall local sentiment is expected to trade in a negative tone, tracking Wall Street's performance. It noted that trading opportunities may be seen in gold-related stocks, given the recent surge in gold prices amid global economic uncertainties. 'Despite the US-China tariff pause, pressure is mounting after the US warned that Huawei's Ascend chips would violate export controls, potentially capping upside for technology stocks. 'Nevertheless, we remain positive on domestic-driven construction stocks,' Malacca Securities said in a research note today. Among heavyweights, CelcomDigi, Hong Leong Bank and Press Metal were flat at RM3.90, RM20 and RM5.05, respectively, while Maybank eased 4.0 sen to RM9.96, Public Bank shed 6.0 sen to RM4.37, TNB slid 2.0 sen to RM4.08, and CIMB went down 1.0 sen to RM6.99. In active trade, Velesto, TA Win and SFP Tech were flat at 16.5 sen, 2.0 sen and 22 sen, respectively, while Harvest Capital and Alam Maritim gave up half-a-sen each to 18 sen and 3.0 sen, Perdana Petroleum shaved 1.5 sen to 16.5 sen, JCY International went down 2.0 sen to 33.5 sen and Sarawak Cable slipped half-a-sen to 2.5 sen. On the index board, the FBM Emas Index dwindled 50.22 points to 11,475.46, the FBMT 100 Index went down 46.94 points to 11,235.83, and the FBM ACE Index dipped 14.68 points to 4,611.37. The FBM Emas Shariah Index sank 46.51 points to 11,399.14, and the FBM 70 Index lost 109.62 points to 16,236.28. Across sectors, the Financial Services Index shed 77.94 points to 18,137.93, the Industrial Products and Services Index edged down 0.60 of-a-point to 154.45, the Energy Index was 6.35 points easier at 706.61, while the Plantation Index garnered 10.24 points to 7,340.02.
